Thursday, 28th April 2016
IOPC Funds meetings - International Group attendance
The International Group attended and took a lead industry role in the discussions at the April 2016 meetings of the IOPC Funds, in particular on the discussions on the funding of interim payments and the concerns arising from the recent Spanish Supreme Court judgement in the Prestige case.
At the meeting, the 1992 Fund Assembly considered the report of the 1992 Fund Assembly’s Consultation Group that is working with the International Group to reach a mutually agreed position as to how interim payments would be treated in future cases. The International Group held its third meeting with the Consultation Group during that week following the IOPC Fund meetings. The 1992 Fund Executive Committee also considered the International Group’s submission on the recent Spanish Supreme Court judgement in the Prestige case that expressed significant concern with a number of aspects of the judgement.